Alternative loans, or private student loans, are from a lending institution; they are not part of the federal government guaranteed loan programs. Alternative loans are more expensive than federal government loans and should be used only when all other options have been exhausted. It is important for you to complete the FAFSA annually to ensure your eligibility is calculated for federal loan, grant, and Work-Study programs before you borrow from an alternative loan program.
Please visit our Alternative Loan FAST Choice page by clicking the button below. While there, you will have the option to learn more about alternative loans, view our historical lender list from the previous academic year, compare loan options, and apply for a private loan.
MSOE’s Lender Selection Policy Disclosure
The lenders represented on our FAST Choice page consist of a historical list for all known lenders students and families borrowed educational loans from during the previous academic year. You are free to select any lender, including those not presented. Application processing will not be delayed if you choose a lender not presented. MSOE maintains a professional relationship with all lenders. Our officials are prohibited from accepting financial or other benefits in exchange for displaying lenders. These include: receiving compensation to serve on any lender’s board of directors or advisory boards; accepting gifts including trips and entertainment; allowing lenders to staff our institution’s financial aid office; allowing lenders to place our institution’s logo on any of their products; and owning lenders’ stock (only pertaining to those college officials who make loan decisions for our institution).